Financial Impacts of EU Legislation
The assessment of financial impacts of proposed EU legislation is an important aspect when the Danish position is to be defined.
National financial impacts can refer to two different conditions. Firstly, proposed EU legislation may have consequences for the EU’s budget, to which Denmark contributes. Taking into account consequences for the EU budget are for instance relevant when analysing initiatives concerning the common agricultural policy, structural funds and the framework program for research and technological development. Secondly, proposed EU-legislation can entail diverted national expenditure consequences. These consequences include administrative expenditures, expenditures caused by the need for national follow-up due to binding objectives, expenditures caused by required national co-financing, impacts on the revenue etc. Furthermore, national expenditures can be diminished as a consequence of national tasks being transferred to the EU-level or as a consequence of EU co-financing of tasks which were previously financed entirely by the member states.
The Engagement of the Ministry of Finance
The Ministry of Finance takes part in the internal governmental coordination of EU-related issues. In that regard the ministry considers with other relevant ministries, how proposed EU legislation involving financial consequences should be handled.
Please consult the menu at the left to read more about impact assessments of EU-proposals and about the role of the Cabinets Economic Committee regarding EU-related issues with significant financial implications.